[miningmx.com] — LONDON copper prices rose 1.3% on Monday to a record $9,103 a tonne, buoyed by strong Chinese macroeconomic and output data over the weekend and a positive technical lead from Shanghai metal.
By early morning three-month copper on the London Metals exchange stood at $9,114.75 a tonne, up $120 from Friday’s close. Shanghai copper traded 1,060 yuan higher at a 1 month peak of 68,380 yuan.
China released a swathe of macro-economic numbers over the weekend, including inflation, which rose above 5% to a two-year high. The numbers also showed buoyant industrial production and fixed asset investment.
